Identify your Local Target Market


A common mistake in lead generation comes from too broad of a target market. To identify a focused niche, analyze your existing client base. Determine the demographics and psychographics of your most profitable clients. Then Identify other companies in your local market that fit the same profile. These are the companies on which to focus your efforts..
 

Everybody’s NOT your Prospect

What are the best strategies used by B2B sales and marketing professionals to identify and reach your target market? To achieve and maintain a pipeline full of qualified prospects will require more than showing up. No matter how broad your market may be, you will grow your business the more you understand about your existing client base. Strive for continuous improvement as you:
  • Define your Target Market and Plan how to Reach It.
  • Execute direct sales prospecting best practices. (appointment setting skills, networking, pro-active referrals, in person calls, sales rep knowledge and value creation, direct mail and/or email marketing)
  • Commit to ongoing review and management of your pipeline.
  • Communicate between sales & marketing roles, initiatives, goals, measure for success

Understand Marketing Activity Impact on sales (advertising, direct mail marketing, email marketing, sponsorships, trade shows, events, outbound telemarketing, website etc.)
 

Pre-search

Make pre-search your first step. “Presearch provides searchers with strategies to narrow their focus and develop specific questions or define information needs." (M. L. Pappas & E. L. Tepe, 1997). Management should provide all employees a clear definition of which criteria make a prospect “qualified” for your products or services.

Even if “everybody” is a prospect for your services, do you really want to market to your competitors? Do all of your prospects offer equal opportunity in terms of reward? Some customers, often the large and unprofitable ones, may be more trouble than they are worth. Others with a respected brand may give you instant credibility. 

Use BWise to help you analyze your current clients and profile your target market accurately and effectively.

Warning: Once you use BWise, you won’t want to target the local market without it.

 


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"My organization has been a Business Wise client for several years. Each year, we run multiple marketing campaigns to advertise our programs to a wide variety of constituents, and Business Wise has become an integral part of our direct mail marketing strategy. The Business Wise query tools have been very useful in helping us to better target our campaigns to clients who are the most likely to benefit from the programs we offer"
Lesley Snyder
Director of Program Development and Marketing
A Charlotte, NC area university
Why do so many salespeople agree that Business Wise data is better? What's unique about us and how it will impact your company's new business development results? More >
Atlanta
  
6190 Powers Ferry Rd. 
  
Suite 190
  
Atlanta, GA 30339
  
Phone 770.956.1955
  
Fax 770.951.8573
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6100 Fairview Rd.
 
Suite 330
 
Charlotte, NC 28210
 
Phone 704.554.4112
 
Fax 704.554.4116
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Suite 404
 
Addison, TX 75001
 
Phone 214.306.0605
 
Fax 214.453.0995

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